Mastercard says that starting in 2024, banks and other institutions that issue its credit and debit cards will no longer need to include a magnetic stripe on the back, and that by 2033, m
agnetic stripes will be extinct. Given magnetic stripes' many security downsides, what's taken so long?
Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
The Cybersecurity and Infrastructure Security Agency is warning organizations to immediately patch the ProxyShell vulnerabilities in Microsoft Exchange email servers because security researchers say ransomware gangs are exploiting these flaws.
The U.S. and Singapore have announced three agreements to expand their collaborative efforts - including shoring up information sharing, research and training - to address global cybersecurity issues.
Two large healthcare organizations - Memorial Health System in Ohio and University Medical Center of Southern Nevada - continue to mop up after recent cyberattacks apparently involving ransomware. The Ohio organization admits negotiating "a settlement" with attackers to obtain a decryptor.
John "Chris" Inglis says one of his first priorities as national cyber director within the White House is focusing on issues of cyber resiliency. Battling ransomware and coordinating government responses with the private sector are also top issues he's tackling.
As ransomware-as-a-service operations continue to compete for affiliates, the operators behind LockBit have unveiled a new version of their crypto-locking malware boasting fresh features, some borrowed from rivals. Separately, a relatively unsophisticated newcomer called Hive has debuted.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the evolution of fraud trends and the challenges in implementing the "zero trust" framework in the OT environment.
An Ohio man has pleaded guilty to operating an illegal bitcoin "mixer" service to launder more than $300 million in cryptocurrency for users of darknet marketplaces, according to the Justice Department. Larry Dean Harmon faces up to a 20-year federal prison sentence.
The latest edition of the ISMG Security Report features an analysis of the cybercrime-as-a-service model and how law enforcement could potentially disrupt it. Also featured: T-Mobile probes a massive data breach; tackling abuse in the workplace.
T-Mobile USA says its massive data breach is worse than it first reported: The count of prepaid and postpaid customers whose information was stolen has risen to 14 million. Also revised upward: its count of 40 million exposed credit applications from former customers and prospects.
A hacker stole $97 million in cryptoassets from the Japan-based cryptocurrency exchange Liquid. The attack came just days after a hacker stole $612 million from the crypto platform Poly Network.
A Nigeria-based ransomware gang is conducting a campaign that dangles a $1 million bribe - or a portion of any ransom collected - to employees of targeted organizations if they will install DemonWare ransomware on their corporate network.
T-Mobile USA has confirmed that its systems were breached and that details for 7.8 million current T-Mobile postpaid customers and 850,000 prepaid customers as well as records for 40 million individuals who applied for credit were stolen.
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